Location: Green Lake County, WI | Metro: Green Lake County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
The ZIP code 53947 is located in a suburban area characterized by a relatively small population of 223 residents. With 30.6% of the population renting their homes, it suggests a modest demand for rental properties. The median income in this area stands at $56,250, indicating a middle-class community where residents might be sensitive to housing costs.
In terms of rent economics, the Fair Market Rent (FMR) set by the Department of Housing and Urban Development for the metro area in fiscal year 2026 is $970. However, the actual market rent as per the Census Bureau's American Community Survey (ACS) is $900. This gap between the FMR and the market rent presents an opportunity for landlords and small-portfolio investors who can leverage the higher FMR to secure Section 8 tenants while still maintaining a competitive edge over the market rate.
Given these conditions, ZIP 53947 would likely suit a hands-off voucher operator due to the manageable size of the population and the potential for steady, government-backed rental income. The modest percentage of renters and the middle-income level suggest that there is a reliable base of tenants who qualify for Section 8 assistance. For those interested in a more hands-on approach, the slight difference between the FMR and market rent could offer a niche for value-add strategies, such as improving property quality to justify rents closer to the FMR, thereby attracting both Section 8 and non-voucher tenants.
However, the absence of data on median home values means that investors must rely on other sources to understand the overall housing market dynamics in this ZIP code. It's important to consider the local economy and job market, which can impact tenant stability and demand for rental properties. Despite this limitation, the existing data points towards a stable environment for Section 8 investments, particularly for those seeking a low-maintenance portfolio.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.